Turkish Airlines Announces Deep Pay Cuts to Avoid Forced Layoffs

Turkish Airlines announced that it will implement pay cuts to protect employment and reduce its cash outflow in the midst of the coronavirus pandemic. The news comes after the airline announced that the Labor Union did not respond to the airline’s offer and its expectations and calls for reconciliation remained unanswered. As of August 1, wages specified in the 25th period collective agreement covering the 2016-2018 period will be paid, meaning wages will not be paid under the 26th labor…